Securities Regulation Daily Wrap Up, SEC NEWS AND SPEECHES—Acting director of the Commission’s Division of Trading and Markets to leave agency, (Jun 20, 2025)

By Suzanne Cosgrove

David Saltiel’s departure follows the appointment of Jamie Selway as the Division’s director, effective June 17.

The SEC announced that David Saltiel, who has served as acting director of the Division of Trading and Markets since December 2024, will leave the agency on July 4.

SEC Chairman Paul Atkins noted Saltiel has been a member of the Division’s leadership team for nearly a decade. He has “clearly demonstrated his commitment to the core mission of the agency, the highest ethical standards, a dedication to rigorous data-driven policymaking, and a strategic mindset,” Atkins said. “David’s contributions have made our markets stronger.”

“David’s reputation as a technical expert who cares deeply about investor protection and fair and orderly markets has been well-earned,” said Commissioner Caroline Crenshaw. “David has consistently been a source of well-researched, principled, and balanced insights for Commissioners.”

Served in multiple capacities. In addition to serving as the acting director of the Division of Trading and Markets in 2025 and briefly in 2021, Saltiel served as a deputy director of the Division since November 2021 and as associate director of the Division’s Office of Analytics and Research since 2016.

“David’s departure is a loss for the Commission, but he leaves the Division a legacy of culture and capabilities that will benefit our team for years to come,” said Jamie Selway, the newly appointed Division of Trading and Markets director.

In a release announcing Saltiel’s departure, the SEC noted that he made critical contributions to a range of policy issues including equity, fixed-income, Treasury, and derivatives market structure topics, as well as key transparency and disclosure initiatives such as the recent amendments to Rule 605. He also was involved with efforts to ensure investors are protected from market manipulation, initiatives to foster competition among trading and listing markets, and with the use of emerging technologies such as artificial intelligence by market participants.

In addition, Saltiel enhanced the Commission’s ability to monitor the health and operations of markets, improved key data and analysis platforms and worked to more closely integrate empirical analysis into the Commission’s policymaking process. Saltiel won the Commission’s Excellence in Leadership Award in 2020.

Previously was chief economist at MSRB. Saltiel came to the SEC from the Municipal Securities Rulemaking Board (MSRB), where he was that organization’s first chief economist. Prior to serving in that position, Saltiel held roles in the public and private sector, facilitating growth and innovation in capital markets and energy infrastructure.

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